Generation Gap – Ensuring a fair go for younger Australians

  • Danielle Wood and Kate Griffiths
  • USA

Australia has seen significant generational progress, with each new generation enjoying better health, wealth, and housing compared to their predecessors. However, this progress is stalling for younger Australians, whose wealth has stagnated since 2004, largely due to rising housing costs and wage stagnation. Meanwhile, older Australians have seen their wealth grow substantially thanks to the housing boom and superannuation assets. To ensure future generations aren’t left behind, policy reforms are needed to boost economic growth, improve housing affordability, and adjust tax concessions that currently favor older Australians at the expense of the young

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